USDA reported private exporters sold 1.84 million metric tons of corn to Mexico, with 1.09 million tons for 2021/22 and 754,000 tons for 2022/23 delivery. Exporters also sold 130,000 metric tons of soybeans to China for 2021/22 delivery.
Steady flash sales to Mexico and China support US corn and soybean export demand and near-term cash prices. Sales of this size are routine, so the price effect is modest.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.